#AceFinanceDesk ………..Pershing Square Tontine Holdings Ltd, the blank check company backed by billionaire investor Bill Ackman, has increased the size of its initial public offering by $1 billion to $4 billion, the largest ever IPO by a special purpose acquisition company

Reuters report …………”Ackman’s latest vehicle will handily beat out former Citigroup Inc (C.N) executive Michael Klein’s Churchill Capital III Corp CCXX.N, which raised $1.1 billion in February, to become the largest ever SPAC.”

Published: July.13: 2020: https://t.co/xCAoDTdedb

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#AceFinanceDesk ……………Japanese wholesale prices fell in June at a slower pace after sinking at the fastest rate in four years in May, as a rebound in Chinese demand lifted commodity costs and eased some of the deflationary pressure caused by the #coronavirus pandemic.

“But wholesale prices fell for an increasing number of goods dependent on domestic demand, such as construction materials and food products, suggesting the damage to Japan’s economy from the health crisis is broadening.”

Published: July.10: 2020: https://t.co/T153elDyPv

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#AceFinanceDesk …………….Large copper smelters in China are boosting output and taking market share from smaller ones that are closing, data from satellite surveillance of copper plants showed statement from satellite service SAVANT and broker Marex Spectron said on Friday.”

“Overall smelting activity in China, the world’s top refined copper producer, was only slightly down in June month on month despite a large number of closures, a joint statement from satellite service SAVANT and broker Marex Spectron said on Friday.”

Published: July.10: 2020: https://t.co/XARWdg2eBP

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#AceFinanceDesk ………… China’s aviation industry sank further into the red, losing 34.25 billi on yuan ($4.89 billion) in the second quarter, only slightly narrower than in the first quarter, underlining the colossal financial impact from the coronavirus pandemic ReutersBiz reports

“In the first quarter the industry, which includes airlines, airports and other aviation companies, lost 38.1 billion yuan, according to data released by the Civil Aviation Administration of China (CAAC) on Friday.”

Published: July.10: 2020: https://t.co/jv8GQrPyXU

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#AceFinanceDesk ……………..Amazon Will Require Third-Party Sellers To Disclose Names, Addresses In its Marketplace According To A New Policy Launched On Wednesday Geekwire reports

Amazon announced a new policy Wednesday requiring third-party sellers in its marketplace to publicly display their names and addresses starting Sept. 1. Geekwire reports: The disclosure is already required in Europe, Japan, and Mexico. Amazon said it is updating its policy to “ensure there is a consistent baseline of seller information to help customers make informed shopping decisions” in a letter to sellers:

Amazon has been working to crack down on knockoff sales on its marketplace for years, most recently forming an internal “Counterfeit Crimes Unit.” Despite spending more than $500 million in 2019 to fight various forms of fraud, counterfeits and defective or unsafe products continue to be a challenge for the company:

https://t.me/acenewsgroup/1022668
#AceNewsDesk reports, [Jul 9, 2020 at 08:03]

Editor says #AceNewsDesk reports are provided at https://t.me/acenewsdaily and all our posts, links can be found at here Live Feeds https://acenewsroom.wordpress.com/ and thanks for following as always appreciate every like, reblog or retweet and free help and guidance tips on your PC software or need help & guidance from our experts AcePCHelp.WordPress.Com

#AceFinanceDesk ……….After leaving the EU in January, Britain retains full access to the bloc until the end of 2020 under a transition deal with its former partners, with both blaming each other for missing an end of June deadline for assessments on access from 2021

““We need to have a forward-looking approach and have a good understanding of the intentions the UK has in terms of future financial regulation,” Andrea Beltramello told an online event organised by the Futures Industry Association, an industry body.”

Published: July.08: 2020: https://t.co/C0v5hnbWVI

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#AceFinanceDesk ………….From an eponymous cocktail to eager buyers following the shipping routes of long-awaited cars, Tesla Inc (TSLA.O) is having a moment in South Korea, particularly among tech-savvy professionals ReutersBiz reports

“The U.S. electric car maker had its best month for South Korea in June, selling 2,827 vehicles and bouncing back from weak sales in April and May which were hit by U.S. production disruptions due to the #coronavirus. The Model 3 is now the country’s No.2 imported vehicle, ahead of the BMW 5 series and the Audi A6, and just behind the Mercedes E-Class.”

Published: July.08: 2020: https://t.co/9vF3NFuHbh

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#AceFinanceDesk ………..The rapid increase of employees working from home could accelerate a shift in cybersecurity spending by companies, creating another round of surging work-from-home stocks, RBC Capital Markets said

“The forced experiment in working from home at many companies caused by the pandemic was a boon to tech stocks such as Zoom Video and Fastly. However, a few of RBC’s “vendors to watch” after the pandemic haven’t yet seen dramatic moves higher. ”

Published: July.07: 2020: https://t.co/XTcWLKVJZX

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#AceFinanceDesk ……….Citi raises S&P 500 forecast, citing ‘incessant Fed support’ CNBC reports

“Citigroup just bumped up its year-end target for the S&P 500, citing “incessant” support of the Federal Reserve that has caused the market to blow past its previous forecast. ”

Published: July.07: 2020: https://t.co/EJO4JrYFUj

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#AceFinanceDesk …………..Shake Shack said Tuesday that it lost about $3.2 million in sales in June due to nationwide protests against racism and police violence and the resulting curfews CNBC reports

“In late May, demonstrators took to the streets of U.S. cities to protest the deaths of George Floyd, and other unarmed Black Americans. Violent clashes with police, looting and property damaged ensued, and mayors responded with citywide curfews. While the protests continue in some cities, curfews were lifted after about a week.”

Published: July.07: 2020: https://t.co/y0C6jIrlSA

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